Accounting for freelancers

When you start freelancing, one of the first habits you must start is asking for receipts for everything you pay for that is related to work. Then you just need to keep a record of all your income and expenses recording the dates, details and amounts as a minimum.

There are a few costs that you will need to pay in advance of starting your freelance work; normally a computer and phone so you can communicate with your clients plus insurance in one form or another. If you are working from home as opposed to an office, then it’s a good idea to let your home insurer know this.

If you are working onsite at a client’s office, then you will need to have public liability insurance in place, just in case someone trips over your case at the client’s office and decides they need to see you in court about it.

Once you have these habits and few tools in place you will have the bare bones needed to start any pieces of freelance work that come your way and know how to keep your accounting records. These records are going to enable you to be able to speak with your accountant and get a snap shot of your business’s health and your own tax situation throughout the year.

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Why Integro Accounting?

Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Williams, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.

We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.

Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.

The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.

We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.